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Author Topic: Van Hollen proposes raising estate tax to boost Social Security  (Read 403 times)

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Online mystery-ak

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Van Hollen proposes raising estate tax to boost Social Security
« on: June 26, 2019, 01:15:54 am »
Van Hollen proposes raising estate tax to boost Social Security
By Victoria Scott - 06/25/19 08:09 PM EDT

Sen. Chris Van Hollen (D-Md.) on Tuesday unveiled legislation that would boost the estate tax to raise funds to shore up Social Security.

Van Hollen's "Strengthen Social Security by Taxing Dynastic Wealth Act" would undo President Trump's tax law's treatment of estate taxes, restoring the estate and gift tax to their 2009 levels.

"In 2017, Republicans in Congress secured their latest massive giveaway on the estate tax – delivering a $4.4 million tax cut per couple to just 1,900 estates in the entire country at the same time they refused to support vital national priorities. That was unconscionable, and we must return the estate tax to a more reasonable level,” said Van Hollen in a statement on the bill.


“I can think of no better way to use ... that revenue than to strengthen Social Security," he added.

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https://thehill.com/policy/finance/450353-van-hollen-proposes-raising-estate-tax-to-boost-social-security
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Re: Van Hollen proposes raising estate tax to boost Social Security
« Reply #1 on: June 26, 2019, 02:07:37 am »
It's a good thing I decided to take it all with me.  My son is a little upset that I sold the old Casa, and plan on burning this Castillo down on the way out.
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Re: Van Hollen proposes raising estate tax to boost Social Security
« Reply #2 on: June 26, 2019, 04:42:50 am »
Quote from: Cyber Liberty on June 26, 2019, 02:07:37 am
It's a good thing I decided to take it all with me.  My son is a little upset that I sold the old Casa, and plan on burning this Castillo down on the way out.

He is what... 33? 
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« Last Edit: June 26, 2019, 04:47:58 am by The Ghost »
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Offline Night Hides Not

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Re: Van Hollen proposes raising estate tax to boost Social Security
« Reply #3 on: June 26, 2019, 10:21:59 am »
Quote from: Cyber Liberty on June 26, 2019, 02:07:37 am
It's a good thing I decided to take it all with me.  My son is a little upset that I sold the old Casa, and plan on burning this Castillo down on the way out.

My kids have been informed of my financial plan: my goal is for my last check to bounce.

Millions of younger folks aren’t going to be happy when they find out their inheritance will be zip after the reverse mortgage is paid.
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